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20121201
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top story this hour. strong criticism from the u.s. and europe over israel's plan to build new settlements. >> the german government comes under fire for the alleged plan to sell tanks to saudi arabia's authoritarian rulers. >> happy birthday, sms. it is the 20th anniversary of the text message. >> israeli ambassadors have been summoned to various european capitals to face criticism over israel's plans to build homes in the west bank. the u.s. also slammed the mood as -- move as "especially damaging." >> israel's prime minister remains especially defiant. they announce the plans to build homes on friday in response to the plan to upgrade palestine to a non-member state. in the israeli ambassador -- >> israeli ambassador daniel taub. paris and berlin called in israeli envoys to express their opposition. they say that israel is sending an negative message in the midst of national -- international peace efforts. >> israel is undermining competency -- confidence. >> israel says it will build 3000 settler homes in eastern jerusalem and the west bank. also plans to accelerate constru
. global demand is rising, and industry is booming. >> we are seeing higher-than- expected growth in the u.s. america's re-industrialization is something we are noticing. we are seeing substantial gains in asia, not just in china, but also in the asean countries. >> the industry engineer -- the engineering industry is expecting high turnover. experts are optimistic the upward trend will continue next year. they are hoping the global demand will continue to keep the eurozone crisis at bay. >> to the markets. worries about the future of the german economy weighed on markets. we have this a bit from the frankfurt stock exchange. -- this update from the frankfurt stock exchange. >> the dax closed down at the highest level since five years, the day before. some profit-taking. shares have been dragged down by concerns that the german economy might cool down pretty soon. the ifo institute lowered its growth expectations for the german economy. the federal reserve seems to be quite pessimistic. looking at the u.s. economy, the fed thinks that the unemployment rate will stay very high next year. >> l
losses were concealed to avoid a government bailout. the complaints were filed with u.s. regulators, including the securities and exchange commission. >> the three alleged deutsche bank miss valuable to $12 billion in losses during the years 2007 through 2009 at the height of the global financial crisis. deutsche bank says the accusations are wholly unfounded. work has started on a major natural gas pipeline that critics say will deepen europe's dependence on russian gas. president putin was on hand as they began digging for the south stream pipeline. >> to augment supplies already flowing into germany. europe already receives 40% of its natural gas from russia. german investment and technology will be playing a key role in the project. >> it is a victory for russian president vladimir putin. they looked on as the first segments were welded together in western siberia. it is three weeks since bulgaria gave the go-ahead for the project. the last transit country to do so. >> this project has the political support of all partner countries. all have signed the contracts and taken their
Search Results 0 to 2 of about 3